The Reserve Bank of India performs which of the following functions 1 Regulation and supervision of ...........

Economic Affairs Financial Institutions

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The Reserve Bank of India performs which of the following functions?

1. Regulation and supervision of the nonbanking financial institutions.

2. Management of foreign exchange reserves

3. Banker to banks

4. Banker to the Central and State Governments

Select the correct answer using the code given below.

1, 2 and 3 only

1, 2 and 4 only

3 and 4 only

1, 2, 3 and 4

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Explanation:

The functions of the Reserve Bank of India can be categorised as follows:
1:Monetary policy
2:Regulation and supervision of the banking and non-banking financial institutions, including credit information companies
3:Regulation of money, forex and government securities markets as also certain financial derivatives
4:Debt and cash management for Central and State Governments
5:Management of foreign exchange reserves
6:Foreign exchange management-current and capital account management
7:Banker to banks
8:Banker to the Central and State Governments
9:Oversight of the payment and settlement systems
Currency management :